8881 Buffalo AveNiagara Falls, NY 14304

Property Details for 8881 Buffalo Ave

Year built

1959

Lot size

0.22 AC

Property size (Sq ft)

3,188 SF

Zone code

C1-A

Property type

Turn key restaurants

APN

291100 161.71-1-15

APU

29110016171115

Description

This exceptional 3,188-square-foot restaurant space is available for lease in Niagara Falls, New York. Located at 8881 Buffalo Avenue, this single-tenant property sits on a 0.22-acre lot and offers a fantastic opportunity for a new culinary venture. Built in 1959, the building has undergone recent significant improvements, including a complete roof tear-off, updated mechanical systems, and new flooring, seating, and bar areas. The property boasts ample on-site parking for approximately 20 vehicles. The kitchen is fully equipped with commercial-grade appliances, including three gas fryers, a four-burner range, a two-door glass cooler, a stainless steel one-door freezer, a prep table, a chest freezer, a four-door bar cooler, a hood system, and an Ansul fire suppression system. The current owner is open to a new tenant operating under the "Colloso Taco" name for an additional fee, presenting a unique branding opportunity. This turnkey operation is situated in Niagara County and offers immediate occupancy in a prime location. The property's address is 8881 Buffalo Avenue, Niagara Falls, NY 14304.

• CAP approach

  CAP return

  Valuation

  6%

  $850,120

  6.5%

  $784,726

  7%

  $728,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $768,591

  Geo Method

  $724,757

• Alternative Use

  Use

  Valuation

  Residential

  $661,946

  Hospitality

  $606,339

  Educational

  $504,467

  Medical

  $521,816

  Retail

  $784,726

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.0779

Longitude

-78.9591

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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